By Harry Dent Look at this insanity… I would never have thought this many major cities would have 11%-plus mortgages underwater… especially not at the top of a second real estate bubble. How bad will it be when we move into the next recession depression?! Look at Hartford, Connecticut: 43% of mortgages there are under water! How could that … Read more
by John Coumarianos Do current stock prices reflect a speculative frenzy? It’s a crucial question for anyone trying to preserve and grow their capital, but also a difficult one to answer. Martin Tarlie of Boston asset manager Grantham, Mayo, van Otterloo (GMO) has just published a short paper trying to quantify investor sentiment and whether it has … Read more
As Democrats in Congress refuse to secure the US southern border, the cost of illegal immigration continues to mount. The United States spends over $268 billion dollars a year supporting illegal aliens. That money covers expenses such as healthcare, education, childcare, the justice system, and welfare—forcing US taxpayers to shell out $734 million dollars every … Read more
by Pumpdawg88 This is an example of overburdening the American People and outrage is not just understandable, but acceptable. The government as been shut down for over a month now and this is a financial burden that we must not accept. via tmj4: The newest number out show thousands of drivers ended up with parking tickets … Read more
by axolotl_peyotl The War on Terror, like the War on Drugs, is merely a propaganda effort by TPTB to divide and conquer, as well as to further cement their inhumane control grid. Al-Qaeda/ISIS etc. is simply a state-sponsored/state-crafted boogeyman meant to excuse the systemic slaughter that defines the very existence of the military industrial complex. … Read more
Via The Week Humiliating stunt is latest in a series of headline-grabbing workplace punishments Video footage shows employees at a Chinese beauty company crawling along the street on their hands and knees after failing to meet targets. Pedestrians in Tengzhou, in the eastern Shandong province, are seen looking on in astonishment as half a dozen … Read more
Jan. 24, 2019 – 5:54 – California Republican Rep. Kevin McCarthy says that as federal employees are set to miss their second paycheck, Nancy Pelosi is sending House members home instead of working on legislation to end the partial government shutdown. Watch the latest video at foxnews.com https://video.foxnews.com/v/5993511954001/#sp=show-clips
Hat tip P2 Via Wired https://media.wired.com/clips/5c0ff6da33b7db2d65e1258b/master/pass/lede.mp4 A friend of mine, who runs a large television production company in the car-mad city of Los Angeles, recently noticed that his intern, an aspiring filmmaker from the People’s Republic of China, was walking to work. When he offered to arrange a swifter mode of transportation, she declined. When he asked … Read more
In a report published Thursday by PlainSite, an independent research shop led by Aaron Greenspan, analysts calculated that Facebook CEO Mark Zuckerberg has been regularly lying to investors and the public about the company’s user metrics, and that the company could be overestimating the number of users by as much as 50%. The team detailed … Read more
The cops who beat and falsely arrested the innocent Dr. Lawrence Crosby after accusing him of stealing his own car were never held accountable—only the taxpayers. Evanston, IL – All too often, those who blindly support authority without question will say, ‘If you don’t want to get beat up by police, don’t break the law.’ … Read more
by Brian Maher of Daily Reckoning The government “shutdown” enters its second month. But today we raise a celebratory cheer… A cheer for the temporary unemployment of one subset of furloughed federal employees. We refer to the government statisticians who collect, sort, analyze, worry, torture and weaponize economic data. That is, those who throw false weights … Read more
by DCG Queens DA (demorat) Richard Brown Proggies love to criminalize self defense. Reported by Sean Strockyj for NY Post: There is a reason homeowners can rarely afford to dispense mercy on an overnight invader: Criminal intruders tend to be the dangerous type. What homeowners don’t expect are law enforcers and prosecutors going after them for ¬ … Read more
https://twitter.com/NorthmanTrader/status/1088541616514785282 The rant spiced with the Irish brogue is a nice touch. I especially like when he says “ahsholes”. “Wanking fuckin bankers”. I hope the old boy has kept his edge. h/t Jim
by Jesse “The human mind, except when guided by extraordinary genius, cannot surmount the established conclusions amid which it has been reared.” Winston S. Churchill, The Gathering Storm “Before mass leaders seize the power to fit reality to their lies, their propaganda is marked by its extreme contempt for facts as such, for in their opinion … Read more
Ruperto Escobar, a 75 year-old, seventh-generation Texas farmer, is offering to donate property to the federal government where it can build a border wall, because he has suffered a lifetime of harm due to illegal immigration. “The problem there right now is primarily drug trafficking. The Illegal immigrants traveling through there are not so prominent, … Read more
HuffPost began laying off employees Thursday morning, one day after its parent company, Verizon Media, announced it would cut 7 percent of its workforce. About 750 Verizon Media employees were expected to lose their jobs. That announcement came more than a month after Verizon took a $4.6 billion write-down on HuffPost’s parent company, Oath (now … Read more
The WH pool was just called to gather unexpectedly — there's nothing on President Trump's public schedule today — Meridith McGraw (@meridithmcgraw) January 24, 2019 President Trump is rattling off today's vote totals. He notes that his bill did not get any support from Democrats "other than actually a wonderful man as you know, Sen. … Read more
Five Stories Americans Missed While Fighting Over A Viral Video That Has No Effect On Their Lives As Americans argued over an irrelevant video of a Catholic boy in a MAGA hat staring at a Native American, multiple events took place that actually affect them and were ignored. 1. Bill Would Force Citizens to Have … Read more
by WARREN MOSLER Euro area business growth close to stalling at 5½ year low in January (Markit) Flash Eurozone PMI Composite Output Index at 50.7 (51.1 in December). Services PMI Activity Index at 50.8 (51.2 in December). Manufacturing PMI Output Index at 50.4 (51.0 in December). Manufacturing PMI at 50.5 (51.4 in December). The factory … Read more
by Ron Paul of Ron Paul liberty Report President Trump yesterday recognized Venezuelan opposition legislator as the legitimate president of the country and warned that “all options are on the table” if Venezuela’s elected president moves against protestors or expelled US embassy staff who refuse to leave Caracas. US neocons applaud Trump’s move. Does the US president finally … Read more
House-Democratic proposal to reopen the government until Feb. 8 fails in Senate by 52-44 vote. Both President Trump's proposal and the House-passed Democratic proposal have failed to meet the 60 votes needed to pass. — NBC News (@NBCNews) January 24, 2019 https://youtu.be/F03rsqtWpws
Third year in a row of extreme snowfall events for Europe. Grand Solar Minimum intensification forecast these amplifications, and these are the totals for 2019, but the real extremes will show around 2020-2021.
by Mac Slavo of SHTFplan The unusually large drop in home sales is puzzling those who work directly in the industry. Real estate agents are confused and baffled by the sudden and seemingly unexpected lack of home sales. Sales of homes plunged in December and real estate brokers are attempting to figure out why. In fact, the shift … Read more
by NorthmanTrader Complacency is back and comes in the form of recession denial in the face of global slowing data. We didn’t see the slowdown coming but we are confident it will not produce a recession so the narrative goes. Not even a risk of a recession. You’re hearing it from the Fed, the White House, … Read more
by Martin Armstrong Merkel and Macron, two politicians who cannot muster even a majority of their people for support, signed a Franco-German friendship treaty which has allowed them to boast that this is the first step to creating a European Army. There is a mad rush behind the curtain to create a European Army, not … Read more